LEASING INFORMATION
There are still opportunities for artists to join several shared studios at the Alton Mill, and the Pond Gallery is available for regular weekly blocks of time for classes or other activities. There are leases expiring over the next several months and some studios and/or main floor spaces may become available. If you are interested in a shared studio, the Pond Gallery or in being put on the wait list for a solo studio or main floor space, please contact us at leasing(at)altonmill.ca.
LEASING RATES
Rental rates are structured as a “semi-gross” lease, where the total rent, including common expenses and utilities, is established for the first year. The rents are subject to escalation in subsequent years.
Semi-gross rents start at from just under $500 per month (plus GST) for a 285 sq. ft. studio to approximately $1,200 per month starting rent for a retail space. The retail spaces also have a percentage rent clause, where the landlord earns a percentage of sales over and above a set minimum. This gives the mill’s owners a financial interest in helping to make your business successful.
JOINT MARKETING
All tenants also pay into a common marketing fund which is used to promote regular events and awareness of the mill as a destination amongst our target market. The annual budget is established in consultation with all the tenants, and a broadly representative Joint Marketing Committee plans and implements the Mill’s marketing activities and events throughout the year.